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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (294)	7/21/1998 10:45:00 PM
From: Juli	Read Replies (1) \| Respond to of 520

Zeev, I have been told that only market makers can short these low priced stocks. Who would be shorting? Jewel

To: Zeev Hed who wrote (294)	7/22/1998 2:42:00 AM
From: Intrepid1	Respond to of 520

Zeev, you are of course presenting the worst case scenario. I present to you a prior post written by HCM in which he discussed this very matter with the company. Here is HCM's post - #reply-4767479- Reprinted in full below: I stand corrected! the stock I was refering to was part of a private placement. I spoke with the Co. a few minutes ago regarding the BE Aero pref stock and the answer I got was...(not verbatim)..we have a good relationship with BE Aero and feel we will redeem or otherwise eliminate the possible harmful effects of the "toxic" nature of the shares Zeev I also would like to remind you and others that IELSF has a core group of supporters who have stayed the course with this company for a good number of years. Let me also remind you that Harrah's is the controlling shareholder of IELSF. Harrah's I understand from reading the various gaming threads is a pretty big outfit. So while you contrariously present your glass half empty scenario, I prefer one where the glass is half full. I must give you full credit however for your acuity in predicting the direction of the share price. best wishes purething